You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring. 

Quote from @Nick Belsky: Quote from @Mike Lambert: @Nick BelskyI'm not sure why you're generalizing the mortgage conditions in Belize to the rest of the area because they're very different.

If it’s rental property do you seek amenities in the locaton or that doesn’t matter.

Hi BP, would like to hear feedback from all you folks in or near the Kansas City area,Currently I'm looking for a software to help me generate leads, but there's so many of them to choose from, I don't know which is best suited for my area.

At a high level it will all come down to the specific piece of land you are looking at.  

The value here is building new homes.

And the IRS will ignore it for tax purposes.

If you sold it, what would you do with the money and how does the return compare to what you get now (factoring in the amount of work/stress with each option)?

But even if you fall under the normal amount for debt coverage there is other loans like DSCR  which qualifies the propertys income and not your income.

I'm real outlier- I don't like coffee or beer so no mugs on the cupboard!